Education is added to the standard Neoclassical growth model by calibrating a human capital technology to the empirical evidence on schooling. Simulation experiments patterned after King and Rebelo (1993 American Economic Review 83, 908--931) are conducted. When agents act as if they are...

This textbook is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined....

1. Overview -- Part I One-Sector Growth Models -- 2. Overlapping-Generations Model of Economic Growth -- 3. Fiscal Policy -- 4. Schooling and Fertility -- 5. A Complete One-Sector Neoclassical Growth Model -- Part II Two-Sector and Dual Economies -- 6.Two Sector Growth Models -- 7. Wage and...

Overview -- Overlapping-Generations Model of Economic Growth -- Fiscal Policy -- Schooling and Fertility -- A Complete One-Sector Neoclassical Growth Model -- Two Sector Growth Models -- Wage and Fertility Gaps in Dual Economies -- Physical Capital in Dual Economies -- A Complete Dual Economy --...